NBP data: In March, current account deficit amounted to EUR 0.2bn against nearly EUR 0.6bn in March 2012. Polish exports marginally exceeded last year’s level while imports decreased by 2.0 per cent.

Preliminary data on Poland’s balance of payments in March 2013, released by the National Bank of Poland on 15 May 2013, show goods exports of nearly EUR 12.8bn, i.e. slightly higher (by EUR 9m) than a year ago, and a decline in imports by 2.0 per cent. Despite this, the balance of trade in goods was negative and stood at EUR 273m. The negative balance on the income account was slightly higher than in March 2012 (over EUR 1.4bn and over EUR 1.3bn, respectively).

As usual, there was a surplus on the service account amounting to EUR 0.5bn and a positive balance of EU transfers (slightly over EUR 0.9bn).

Foreign direct investment in Poland rose by approximately EUR 1bn in March. The balance of foreign portfolio investment stood at nearly EUR 0.5bn while the March net inflow of capital under the Polish government securities purchase programme (total of domestic and foreign issues) is estimated at nearly EUR 0.7bn.

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